5384 Rainwood Street 92, Simi Valley, California 93063, Simi Valley, 93063 - 3 bed, 3 bath

5384 Rainwood Street 92, Simi Valley, California 93063 home-pic-0
ACTIVE UNDER CONTRACT$679,900
5384 Rainwood Street 92, Simi Valley, California 93063
3Beds
3Baths
1,428Sqft
1,428Lot
Year Built
1985
Close
-
List price
$680K
Original List price
$680K
Price/Sqft
$476
HOA
$380
Days on market
-
Sold On
-
MLS number
225005060
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $679.9K(78th), sqft - 1428(56th), beds - 3(50th), baths - 3(50th).

Assumable VA Loan with sub 3% rate available! Welcome Home! This stunning three bedroom two-and-a-half-bathroom gem is the home you have been waiting for! Situated in the tranquil Summer Place neighborhood in Simi Valley, you are first greeted by a private front patio perfect for grilling, entertaining, and spending the evenings relaxing. Through the front door you have a totally remodeled living room with upgraded hardwood flooring, a striking stone fireplace, a beautiful chandelier, vaulted ceilings, crown moldings, and recessed lighting. Next to the living room is a perfectly sized dining room which opens to the nicely upgraded kitchen with granite-like counters, stainless steel appliances, and plenty of storage room for all of your cooking desires. Next to the kitchen is a family room which opens to the center atrium, bringing in wonderful nature light and perfect atmosphere. Upstairs there are three immaculate bedrooms, each with their own ceiling fan and light. The master suite has dual closets and a totally remodeled bathroom with marble tile floors, a beautiful dual sink vanity, new light fixtures and mirrors. Not to be forgotten is the large two car garage perfect for all automobile and storage needs. The modestly priced HOA covers all exterior maintenance as well as upkeep of the community area, and access to multiple community pools/spas. Run don't walk! This one won't last!

Price History

Date
Event
Price
10/07/25
Listing
$679,900
Condition Rating
Good

Built in 1985, this property has undergone significant and stylish renovations, including a 'totally remodeled' living room with upgraded hardwood flooring, a 'nicely upgraded' kitchen with stainless steel appliances and granite-like counters, and a 'totally remodeled' master bathroom with marble tile floors and new fixtures. The light fixtures, flooring, and overall aesthetic are modern and move-in ready. While the core structure is older, the extensive updates bring it well within the 'Good' category, indicating it's well-maintained with minimal wear and tear, and no immediate renovations are required. The kitchen and bathrooms are functional and aesthetically pleasing, though the kitchen counters are described as 'granite-like' rather than premium slab, preventing an 'Excellent' rating.
Pros & Cons

Pros

Assumable VA Loan: A significant financial advantage with an assumable VA loan offering a sub 3% interest rate, highly attractive in the current market.
Extensively Remodeled Interior: The living room, kitchen, and master bathroom have all been recently remodeled with upgraded hardwood flooring, a stone fireplace, stainless steel appliances, and marble tile floors, offering a modern and move-in ready aesthetic.
Community Amenities & HOA Benefits: The modestly priced HOA covers exterior maintenance and upkeep of community areas, including access to multiple pools and spas, reducing homeowner responsibilities and enhancing lifestyle.
Private Outdoor Space: Features a private front patio, ideal for grilling, entertaining, and relaxing outdoors, a valuable asset for a townhouse.
Functional Layout & Features: Includes a family room opening to a central atrium for natural light, a large two-car garage for ample storage, and dual closets in the master suite, enhancing daily living.

Cons

Monthly HOA Fees: The $380 monthly HOA fee, while covering exterior maintenance and amenities, adds a recurring cost to homeownership that buyers must factor into their budget.
Attached Living (Townhouse): As a townhouse, the property shares walls with neighbors, which may lead to less privacy and potential noise transfer compared to a detached single-family home.
Age of Core Systems (Implied): Built in 1985, while cosmetic updates are extensive, there is no specific mention of updates to major systems like plumbing, electrical, or HVAC, which could be original and may require future maintenance or replacement.

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